Banking & Financial Awareness Quiz – Set 144

Banking & Financial Awareness Quiz: We have created many quizzes on Banking Awareness and this set is one of them. These questions are most important for banking and insurance exams. The question asked in the Banking Awareness section are based both on static banking and that to current banking in news. These Banking Awareness sets will guide you in all banking exams like IBPS Clerk, IBPS PO, SBI Clerk, SBI PO, RRB Clerk and PO and other exams.  The set will be beneficial for the Banking and financial awareness section of LIC AAO. So attempt all the sets now.

Banking & Financial Awareness Questions

1. What will be the service charges levied by large modern Currency Chests (CC) on cash deposited by non-chest bank branches per packet of 100 pieces?
   A) Rs 10
   B) Rs 2
   C) Rs 5
   D) Rs 8
   
   View answer

   Option D
   Explanation: Reserve Bank of India has allowed large modern Currency Chests (CC) to increase the service charges that the CCs charge on cash deposited by non-chest bank branches from the existing rate of ₹ 5/- per packet of 100 pieces to a maximum of ₹ 8/- per packet.
2. In the Voluntary Retention Route scheme of RBI, Foreign Portfolio Investors (FPIs) are required to maintain minimum ___________ % of the allocated amount in India
   A) 75%
   B) 45%
   C) 90%
   D) 85%
   
   View answer

   Option A
   
3. How much amount has recently been approved by the Asian Development Bank to electrify railway tracks in India?
   A) USD 250 million
   B) USD 550 million
   C) USD 750 million
   D) USD 850 million
   
   View answer

   Option C
   Explanation: Asian Development Bank (ADB)  has signed an agreement to provide USD 750 million equivalent in Indian rupee long-term financing to electrify railway tracks in India.
4. According to Fitch report, Shadow banking assets accounted for ___________ percentage of total financial assets within India in 2018
   A) 13.4%
   B) 14.3%
   C) 12.8%
   D) 15.6%
   
   View answer

   Option B
   Explanation: As per a Fitch Report, Shadow banking assets as a percentage of total financial assets within India, were at 14.3 percent, in line with the global percentage of 13.7 percent.
5. The National Agricultural Higher Education Project (NAHEP) is a three-year project in India that will be funded by__________
   A) World Bank
   B) Asian Development Bank
   C) International Monetary Fund
   D) NABARD
   
   View answer

   Option A
   
6. In the year 2018-19, India recorded trade deficit with how many RCEP bloc members?
   A) 5
   B) 9
   C) 16
   D) 11
   
   View answer

   Option D
   Explanation: India recorded trade deficit with 11 out of 16 Regional Comprehensive Economic Partnership (RCEP) bloc members in the financial year 2018-19
7. Which of these is the first state in India to issue Masala Bond?
   A) Maharashtra
   B) Gujarat
   C) Kerala
   D) Andhra Pradesh
   
   View answer

   Option C
   
8. StAR MF Mutual Fund app has been launched by _____________
   A) SEBI
   B) BSE
   C) LIC
   D) NSE
   
   View answer

   Option B
   
9. HeART is an affordable housing initiative launched by______________
   A) HDFC Capital Advisors
   B) Axis Capital Limited
   C) ICICI Direct 
   D) IndusInd Capital First
   
   View answer

   Option A
   
10. To be eligible for funding assistance, Reserve Bank of India-registered new-age fintech NBFCs should have minimum net-owned fund (NOF) of __________________
    A) Rs 25 crore
    B) Rs 15 crore
    C) Rs 10 crore
    D) Rs 20 crore
    
    View answer

    Option D
    

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